Employee Retention Tax Credit (ERTC)

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  • #45890
    Jeremy Andries
    Participant

    I have a client that would like to include wages of his step-son-in-law saying that the IRS is silent on step-relations and isn’t specifically called out in the 2021-49. I’m reluctant b/c the intent of the guidance is clear in regards to family inclusion rules (267(c)) and the IRS isn’t going to address every related variations. Do you know of any other rules, cases, precedent regarding step-relations? This is not necessarily rep-work specific.

    #45894
    Eric Green
    Keymaster

    Jeremy I do not, and I would not be comfortable with it unless there is some precedent or guidance that says its okay

    #45896
    Jeremy Andries
    Participant

    I agree. Thanks.

    #45897
    Sandi Leyva
    Keymaster

    If you’re interested further, my company Accountant’s Accelerator has a course on this in detail about how another tax attorney takes the pro-taxpayer position. He cites his reasoning as well as case law and statutes to build a decent case against. About 80% of the class ends up agreeing with him after they hear his view.
    This is a recording only purchase, we are going to repeat it live for CPE/CE on Sep 17 (I don’t have the registration setup yet) – if you are interested, email me at support@accountantsaccelerator.com and I will get you the page when it’s live.
    https://accountantsaccelerator.com/cpa-trendlines-webinars-erc-detonates-bomb-notice-2021-49/

    #46068
    Abraham Fogel
    Participant

    I would be interested in learning further. Does he argue that any S Corp owners wage qualify?

    What’s the worst case consequences of taking such a position against IRS guidelines? in case I’m being reviewed and I don’t have the intent to challenge them in court. Is it criminal in their view or just repayment with penalties?

    #46069
    Sandi Leyva
    Keymaster

    Sorry but I can’t answer any technical questions. I can only offer the link to the CPE. You can purchase it or not.

Viewing 6 posts - 1 through 6 (of 6 total)
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